BZ

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After costs, if the gap returns to its 7d average, $10k−$41

spread now+0.052%7d average+0.076%fees + slippage, in and out−$39spread needed0.387%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	96.040	0	get 0.0000% / 8h	5h 27m	$9.2M	$18.7M	100x
Short	Bitget BZUSDT	96.090	0	get 0.0000% / 4h	1h 27m	$27.7M	$23.1M	100x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee GatebpFee BitgetbpOrdersClose when spread is

Slippage from Gate: live order book, 3 min ago; Bitget: live order book, 3 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 3 min ago	1.04 bp	10.5 bp −$10	19.7 bp −$197	33.2 bp −$3,320	45.1 bp −$22.5K
Sell Bitget live order book, 3 min ago	0.52 bp	7.8 bp −$8	10.9 bp −$109	26.4 bp −$2,642	70.5 bp −$35.2K

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BRENT/USDC PERP	−9.816%	−0.0220%	1h	$9K	$4K	30x	as long as short
Gate BZ_USDTlong	0.000%	0.0000%	8h	$9.2M	$18.7M	100x
KuCoin BZUSDTM	0.000%	+0.0100%	4h	$3.8M	$945K	50x	as long as short
BloFin BZ-USDT	+0.010%	−0.0051%	4h	$1.5M	$83K	50x	as long as short
Ondo Perps BRENT-USD.P	+0.021%	+0.0050%	1h	$3.1M	$1.1M	15x	as long as short
OKX BZ-USDT-SWAP	+0.031%	0.0000%	4h	$15.9M	$30.0M	50x	as long as short
Bybit BZUSDT	+0.042%	0.0000%	8h	$10.4M	$16.6M	100x	as long as short
Binance BZUSDT	+0.044%	0.0000%	4h	$144.3M	$465.1M	100x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	+0.047%	L +0.0013% / S +0.0048%	1h	$35K	—	111x	as long as short
Lighter BRENTOIL	+0.052%	+0.0032%	1h	$3.3M	$4.3M	20x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget BZUSDTshort	+0.052%	0.0000%	4h	$27.7M	$23.1M	100x
SunX BRENTOIL-USDT	+0.052%	0.0000%	4h	$4K	$2.6M	20x	as long as short
Phemex XBRUSDT	+0.062%	0.0000%	4h	$1.2M	$101K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.063%	+0.0085%	1h	$81K	$304K	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	+0.073%	0.0000%	1h	$103K	$279K	15x	as long as short
Extended XBR-USD	+0.074%	+0.0032%	1h	$674K	$5.2M	10x	as long as short
RISEx BZ/USDC	+0.085%	0.0000%	1h	$2.1M	$1.2M	20x	as long as short
tradeXYZ xyz:BRENTOIL	+0.089%	+0.0050%	1h	$149.8M	$143.4M	20x	as long as short
Paradex BZ-USD-PERP	+0.094%	+0.0049%	8h	$3K	$473	5x	as long as short
Polymarket Perps BRENTOIL-USD	+0.102%	+0.0050%	1h	$1.5M	$550K	20x	as long as short
Aster BZUSDT	+0.119%	0.0000%	4h	$333K	$1.7M	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	+0.146%	−0.0040%	1h	$230K	$840K	15x	as long as short
HTX BRENTOIL-USDT	+0.146%	0.0000%	4h	$284K	$162K	75x	as long as short
Aftermath Perps BRENTUSD	+0.194%	+0.0071%	1h	$6K	$49K	5x	as long as short
ApeX Omni BZUSDT	+0.198%	+0.0100%	1h	$25K	$271K	50x	as long as short
edgeX BZUSDC	+0.210%	+0.0010%	4h	$220K	$233K	20x	as long as short
Variational Omni BZ	+0.228%	0.0000%	4h	$9.6M	$11.9M	—	as long as short
Hotstuff BRENTOIL-PERP	+0.250%	+0.0096%	1h	$33K	—	20x	as long as short
gTrade (Gains Network) BRENT/USD	+0.811%	L +0.0011% / S −0.0011%	1h	—	—	—	as long as short
Vest BZ-PERP	+4.332%	+0.0046%	1h	—	$653K	10x	as long as short